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Pin to quick picksAviva Share News (AV.)

Share Price Information for Aviva (AV.)

London Stock Exchange
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Share Price: 496.80
Bid: 496.80
Ask: 497.00
Change: 4.00 (0.81%)
Spread: 0.20 (0.04%)
Open: 491.90
High: 496.80
Low: 491.90
Prev. Close: 492.80
AV. Live PriceLast checked at -

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Direct Line hires finance chief from rival Aviva

Wed, 10th Apr 2024 07:30

LONDON, April 10 (Reuters) - British insurer Direct Line has hired a new chief financial officer, it said on Wednesday, weeks after fending off takeover interest from Belgian rival Aegas.

Direct Line said that Jane Poole, who is currently finance chief for Aviva's UK and Ireland general insurance business, will join as CFO in October, succeeding Neil Manser after more than three years in the post.

Aegas said last month that it did not intend to make a further offer for Direct Line after the British home and motor insurer turned down two previous proposals.

Direct Line last month posted an operating loss for 2023, hit by high motor claims inflation, but reinstated its dividend. (Reporting by Iain Withers Editing by David Goodman)

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25 Sep 2023 07:43

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25 Sep 2023 07:02

Aviva buys AIG's UK protection business for £460m

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Watchstone Group PLC - former insurance software provider originally called Quindell; now cash shell pursuing litigation claims - Pretax loss widens to GBP6.0 million in six months that ended June 30 from GBP2.1 million a year before. Has no revenue, so loss is due to higher administrative expenses. These primarily are legal costs, including GBP4.9 million for Watchstone's claim against PricewaterhouseCoopers LLP. The High Court dismissed Watchstone's claim, and while it seeks permission to appeal, Watchstone must pay PwC's legal costs, as well as its own. Other outstanding claims are against Aviva Canada, part of Aviva PLC, and against UK tax collector HMRC over the recovery of historic VAT. "We remain focussed on realising the group's remaining litigation assets as efficiently as possible and are confident of returning further cash sums to shareholders in due course," Watchstone says.

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13 Sep 2023 17:01

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13 Sep 2023 11:49

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Aviva sells stake in Singlife, debt instruments to Sumitomo for £0.8bn

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